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Gourmet Salts Market Growth Analysis 2019-2024 | Key participants are Cargill, Morton, Dominion, Devonshire, Murray, Marblehead, Irish Atlantic
Gourmet Salts Industry
The demand for gourmet salts market is witnessing a major upswing at a global level with the growing popularity of organic food and rising wave of westernization. Gourmet salts are naturally harvested and untreated sea salts that enhance the dressing of the food products and impart exotic flavor.
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Key Profiles:
• Cargill
• Morton
• CK Life Sciences
• Amagansett
• Dominion
• Irish Atlantic
• Devonshire
• Alaska Pure
• Murray
• Marblehead
• Infosa
Gourmet salt’s low sodium content coupled with high mineral presence will further fuel its demand over mineral salts. It is found that excessive intake of mineral salts leads to high prevalence of cardiovascular illness and hypertension.
Strong application potential of gourmet salts in meat, fish & poultry processing and preservation have provided significant impetus to the product demand. The global gourmet salts market from meat & poultry processing application witnessed high demand and is expected to surpass USD 500 million by 2024.
Gourmet salt comes in various product types such as Fleur De Sel, Sel gris, Indian pink salt, Himalayan salts, Italian salts, flake salts specialty gourmet salts, smoked salts, and others. Among these, Fleur De Sel finds wide application scope in vegetable dishes, salads, roasted meats, and seafood. This product also finds potential utilization in bakery products, owing to its high mineral content, moisture, and better solubility characteristics.
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Sel gris market was over 10 kilo tons in 2016. Increasing product usage as a finishing and cooking product owing to its coarse texture will drive the industry growth. It is moist, unrefined and considered as the best quality salt among professional chefs.
High availability of the gourmet salts variations including 84 distinct types of metal, elements and minerals enhanced the product demand. Expensive prices along with lack of product awareness are the major restraints of the gourmet salts market growth.
Gourmet Salts Market, By Product
• Coarse salts
• Fleur de sel
• Flake salts
• Sel gris
• Himalayan salts
• Specialty salts
• Others
Meat & poultry demand is anticipated to worth around USD 510 million by 2024. Changing lifestyle and improved preservation technology in processed meat, fish and poultry will fuel the product demand. Rising demand as preservative for canned meats, hams, roasts, meatballs, and fish, enhances the gourmet salts market growth.
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Bakery & confectionary market will witness over 8.5% CAGR up to 2024. High product acceptance owing to its superior properties including enhanced food taste, distinct flavor, appearance, color, and aroma will drive the revenue growth.
Europe, led by UK and Germany gourmet salts market is the fastest growing region, estimated to value over USD 724 million by 2024. Rising demand for processed food particularly in Italy, Spain, Germany and France will drive the regional industry growth.
Global gourmet salts market is competitive due to presence of regional industry players. High profit margins of the industry have encouraged manufacturers & vendors to expand production capacity and improve supply chain network. Some of the key industry players in gourmet salts market are Cargill, Morton, CK Life Sciences, Amagansett, Dominion, Irish Atlantic, Devonshire, Alaska Pure, Cargill, Murray, Marblehead, Infosa and Marblehead.
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